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09-22-2007, 02:06 PM
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#21
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Have you figured out what happens when you die? Will your dependent(s) be OK? Will your annuity disappear or continue on at $20K or a smaller amount? Is the annuity COLA'd?
Have you considered delaying taking SS for yourself? Have you considered converting some tax-deferred money to a Roth IRA? Have you looked ahead to see what your RMD's might be when you are over 70?
On investments, do you wish to slice-and-dice index w/rebalancing or do you wish to be total market indexer? Do you wish to do-it-yourself? Or do you wish to have help? Have your investments beat the DFA and Merriman portfolios over the years?
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09-22-2007, 02:08 PM
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#22
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,743
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Based on 5k expenses and 40K income from the annuity and SS your need should be 20K income from your portfolio. Why do you need 50K? Am I missing something?
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09-22-2007, 10:45 PM
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#23
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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 Quote:
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I have worked in the financial industry for 40 years (that's where I made the money)
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May be you should give us advice of making money.
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09-23-2007, 05:53 AM
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#24
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Quote:
Originally Posted by Spanky
May be you should give us advice of making money.
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There are many kinds of jobs in the financial industry. One could be a custodian/janitor for LehmanBrothers. One could sort mail for MorganStanley. One could be a server in Vanguard cafeteria. One could be parking cars in the NYSE garage. All these jobs qualify as working in the financial industry.
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09-23-2007, 12:54 PM
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#25
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by LOL!
There are many kinds of jobs in the financial industry. One could be a custodian/janitor for LehmanBrothers. One could sort mail for MorganStanley. One could be a server in Vanguard cafeteria. One could be parking cars in the NYSE garage. All these jobs qualify as working in the financial industry.
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You are so humorous. 
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09-23-2007, 01:17 PM
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#26
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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This guy Hudson is really being given an odd welcome. I don't see that his questions are any more weird than most others.
What's up board?
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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09-23-2007, 02:01 PM
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#27
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Well, Hudson wants to know whether his current investments of $1.5MM in municipal and treasury bonds are the "best" and "safest". It seems odd for someone who has accumulated such a large portfolio ($2MM) and worked in the financial industry for years would post such a question. There is no risk-free investment. Treasury bill is a proxy for risk-free rate. He could buy multiple CDs (less than $100K) from different banks for insurance by the FDIC. He may keep his treasury bonds despite interest rate risk. He can keep them until maturity, however.
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09-23-2007, 02:11 PM
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#28
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Recycles dryer sheets
Join Date: Jan 2007
Posts: 284
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No reason to be so sarcastic to Hudson.
This is a great board because people give good advice in a non-derogatory or combatitive environment.
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09-23-2007, 05:46 PM
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#29
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Recycles dryer sheets
Join Date: Nov 2006
Posts: 77
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Quote:
Originally Posted by LOL!
There are many kinds of jobs in the financial industry. One could be a custodian/janitor for LehmanBrothers. One could sort mail for MorganStanley. One could be a server in Vanguard cafeteria. One could be parking cars in the NYSE garage. All these jobs qualify as working in the financial industry.
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And if he was able to make $2M by the age of 40 in one of those jobs, that is even more reason to listen to him, so why not be nice.
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09-23-2007, 06:35 PM
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#30
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Quote:
Originally Posted by Anansi
And if he was able to make $2M by the age of 40 in one of those jobs, that is even more reason to listen to him, so why not be nice.
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Anansi, hudson is almost 62 now. He worked 40 YEARS (presumably from age 22 to age 62 in the financial industry).
Also we have given what I think is outstanding advice given the limited discourse in this thread.
hudson, what are those ideas of your own that you wrote about? How do they contrast with the ideas proposed here?
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09-24-2007, 07:24 AM
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#31
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by haha
This guy Hudson is really being given an odd welcome. I don't see that his questions are any more weird than most others.
What's up board?
Ha
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I agree with ha. One should not assume hudson was a money manager or advisor. There are a LOT of jobs that don't involve money management.
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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09-24-2007, 02:50 PM
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#32
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Dryer sheet wannabe
Join Date: Sep 2007
Posts: 11
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I'm sorry I wasted everyone's time, including my own.
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09-24-2007, 05:35 PM
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#33
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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Quote:
Originally Posted by haha
This guy Hudson is really being given an odd welcome. I don't see that his questions are any more weird than most others.
What's up board?
Ha
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I looked back through the various posts in this thread and I don't really see what you do Ha. I think many of the posters gave fairly good advice, at least as good as most other threads I've read. Maybe the questions were a little blunt but I didn't see any great harm in that.
Do you have anything specific to point to?
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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09-24-2007, 07:02 PM
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#34
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Yes, but...
Quote:
Originally Posted by Bikerdude
I looked back through the various posts in this thread and I don't really see what you do Ha. I think many of the posters gave fairly good advice, at least as good as most other threads I've read. Maybe the questions were a little blunt but I didn't see any great harm in that.
Do you have anything specific to point to?
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Well I do, but as Hudson has departed, and as whatever I would cite might make someone who is still here feel defensive, and as it would take time that I need to spend reading things that might make me some money I think I will decline.
I appreciate the spirit in which you have asked the question, but I want my energies to go to threads and other pursuits that might lead somewhere.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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09-25-2007, 07:46 AM
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#35
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by hudson
I'm sorry I wasted everyone's time, including my own.
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You didn't waste anyone's time but your own........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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09-25-2007, 08:20 AM
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#36
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Dryer sheet wannabe
Join Date: Sep 2007
Posts: 11
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I guess you are right..I do have more important things to do....unlike you.
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09-25-2007, 08:29 AM
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#37
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Quote:
Originally Posted by hudson
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Feel free to ask any other questions.
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Hmmm, I felt free to ask alot of questions. None were really answered. I wasted my time.
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09-25-2007, 08:52 AM
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#38
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by hudson
I guess you are right..I do have more important things to do....unlike you.
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PM me if you have questions that you don't want answered in the public forum. What I was trying to say was you seemed "upset" with the answers being given to you.....:confused:
Calling folks out isn't going to help your situation one iota. Using PMs to the folks who have offered advice is the best route here........I do it all the time.
Tough love exists on here, I should know I'm a financial advisor on a DIY forum............ 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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09-27-2007, 06:33 PM
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#39
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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09-27-2007, 08:37 PM
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#40
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,846
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Quote:
Originally Posted by LOL!
hudson (aka seeker) tries again.
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Well, at least he's stopped using the words "best" and "safest", and he's certainly getting their "exacting" recommendations. Good for him.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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